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Corporate Governance

BOD Organization
BOD Organization
Name Position and Duties Audit Committee Transparent Management
Committee		 Outside Director Candidate
Recommendation Committee		 Compensation
Committee		 ESG
Committee
Shin Dong-bin CEO & Chairman
Lee Young-jun CEO & President
Hwang Min-jae CEO & Vice-President
Sung Nak-sun Inside Director & CFO
Cho Woon-hang Outside Director & Audit Commitee member (Chairman) (Chairman)
Oh Yoon Outside Director & Audit Commitee member
Sohn Byeong-hyeok Outside Director (Chairman)
Park Ji-soon Outside Director (Chairman) (Chairman)
Cho Hye-sung Outside Director
Seo Hwi-weon Outside Director & Audit Commitee member
Kim Jong-geun Other Non-Executive Director
Audit Committee
Organization
Cho Woon-hang(Outside Director/Chairman)
Oh Yoon(Outside Director)
Seo Hwi-weon(Outside Director)
Duty and authority
Audit of accounting and operation of LOTTE Chemical
Demand reporting on company business and examination of company assets
Deal with matters stipulated in laws or the Articles of Incorporation and matters delegated by the BOD
Transparent Management Committee
Organization
Cho Woon-hang(Outside Director/Chairman)
Oh Yoon(Outside Director)
Seo Hwi-weon(Outside Director)
Duty and authority
Review of intercompany transaction exceeding a specific size and suggest modification
Request submission and report of information needed for case review
Process matters stipulated in laws or the Articles of Incorporation and matters delegated by the BOD
Outside Director Candidate Recommendation Committee
Organization
Oh Yoon(Outside Director/Chairman)
Sohn Byeong-hyeok(Outside Director)
Park Ji-soon(Outside Director)
Duty and authority
Outside Director Candidate Recommendation Committee to be Composed of Three Members
The Outside Director Candidate Recommendation Committee is consisted of three members, and outside directors constitute 2/3 or more of the Committee members (to satisfy the provisions of Paragraph 4 of Article 542-8 of the Commercial Act).
The Committee recommends candidates for outside director in the stockholders’ meeting.
Compensation Committee
Organization
Park Ji-soon(Outside Director/Chairman)
Sohn Byeong-hyeok(Outside Director)
Cho Hye-sung(Outside Director)
Duty and authority
Consideration and decision on executive compensation
Review, Resolution of Other Delegated Issues by the Board of Directors
ESG Committee
Organization
Park Ji-soon(Outside Director/Chairman)
Hwang Min-jae(Inside Director)
Cho Woon-hang(Outside Director)
Sohn Byeong-hyeok(Outside Director)
Cho Hye-sung(Outside Director)
Duty and authority
Resolution and deliberation on suitability and feasibility of business decision-making from the perspective of ESG
Outside Auditor & Auditor Opinion
Outside Auditor & Auditor Opinion
Auditor 2023 2022 2021 2020
Auditor Opinion Appropriate Appropriate Appropriate Appropriate
Outside Auditor EY Accounting KPMG Samjong Accounting KPMG Samjong Accounting KPMG Samjong Accounting
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